5311 Gulf Of Mexico Drive, Unit 3

Longboat Key, FL 34228

$1,350,000
Price
2
Beds
2
Baths
1,028 Sq. Ft.
$1,313 / Sq. Ft.
1,028
Sq. Ft.
$1,313
per Sq. Ft.

Description

Welcome to your own piece of paradise right on the shores of Longboat Key! This is a rare opportunity for an owner/investor to enjoy all that Longboat Key has to offer while maximizing rental profits with daily rentals! Take in the bright blue waters through the sliding glass doors as soon as you step in to the two-bedroom two-bathroom 1,028 square foot space. This turnkey, furnished unit is clean and well maintained with tile floors throughout. The kitchen offers an open space with updated appliances...Welcome to your own piece of paradise right on the shores of Longboat Key! This is a rare opportunity for an owner/investor to enjoy all that Longboat Key has to offer while maximizing rental profits with daily rentals! Take in the bright blue waters through the sliding glass doors as soon as you step in to the two-bedroom two-bathroom 1,028 square foot space. This turnkey, furnished unit is clean and well maintained with tile floors throughout. The kitchen offers an open space with updated appliances and sparkling granite countertops. The primary suite offers an en-suite bathroom and opens up to the screened in lanai with water views of the gulf. The second bedroom also offers an en-suite bathroom with two queen beds and extra space for guests. Beach Castle Resort offers a bay to gulf property, with a heated swimming pool and spa on the bay side, including a community dock and kayak launch. The gulf side of the complex offers a BBQ grille, separate laundry room, and provides beach chairs and umbrellas for use on the sandy beach. Beach Castle's rental policy accommodates minimum 1 to 7 day tenancies, with in-house property management provided by RVA. Seller reports revenue of $142,000 in 2023. Owners and tenants alike are able to use Cedar's amenities and overflow parking just up the road which includes a junior Olympic pool, ten lighted tennis courts, 24/7 fitness center and bicycles. Beach Castle Resort is pet friendly for an owner's small dog. Right in the middle of LBK, in close proximity to restaurants, St. Armand's circle and downtown Sarasota. Part time or full time, this opportunity provides flexibility to enjoy the beach life!
  1. Listed by Brittany Anderson • MCKAY MANAGEMENT & REALTY

Property Details for 5311 Gulf Of Mexico Drive, Unit 3

Architectural Style
Florida
Subdivision Name
MCCALLS BEACH CASTLE
Township
35S
View
Water
Waterfront
Yes
Water View
Gulf/Ocean - Full, Gulf/Ocean to Bay

Location

Listing Courtesy of MCKAY MANAGEMENT & REALTY, Brittany Anderson
Add your commute
LISTING UPDATED: 03/28/2024 06:33 PM

Property Details for 5311 Gulf Of Mexico Drive, Unit 3

StatusActive
MLS #A4604824
Days on Market39
Taxes$12,052 / year
HOA Fees$1,302 / month
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Condo - Hotel
Year Built1973
CountyManatee County

Location

Listing Courtesy of MCKAY MANAGEMENT & REALTY, Brittany Anderson
Add your commute

Building Information for 5311 Gulf Of Mexico Drive, Unit 3

Building/Complex5311 Gulf Of Mexico DrFloor-Stories1Pet Policy-Year Built1973Building Size-

Payment Calculator

$9,674 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,368

Property Taxes

$1,004

HOA Dues

$1,302

The Payment Calculator is for illustrative purposes only.

Property Information for 5311 Gulf Of Mexico Drive, Unit 3

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 1124.0
  • Building Area Units: Square Feet
  • Community Features: Fitness, Pool, Tennis Courts
  • Direction Faces: East
  • Directions: Gulf of Mexico Dr to 5000 block, turn west into community.
  • Elementary School: Anna Maria Elementary
  • Middle Or Junior School: Martha B. King Middle
  • High School: Bayshore High
  • Floor Number: 1
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Senior Community: No
  • SW Subdiv Community Name: Longboat Key
  • Unit Number: No
  • Street Number: 5311
  • Street Name: GULF OF MEXICO
  • Street Suffix: DRIVE
  • Unit Number: 3
  • State: FL
  • City: LONGBOAT KEY
  • Common Association Water Features: Bay/Harbor Front, Dock, Gulf/Ocean Front, Water Access
Parking
  • Available For Lease: Yes
  • Carport: No
  • Garage: No
  • Parking Features: Off Street
Taxes and HOA Information
  • Association Approval Required: No
  • Association Fee Requirement: Required
  • Association Name: Chad Newell
  • Association: Yes
  • CDD: No
  • Condo Land Included: No
  • Number Of Pets: 2
  • Pet Size: Small (16-35 Lbs.)
  • Tax Book Number: 1-287
  • Tax Legal Description: UNIT 3 MCCALLS BEACH CASTLE CONDOMINIUM PI#79937.1025/9
  • Tax Lot: 0
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Landscaped, Sidewalk
  • Parcel Number: 7993710259
  • Total Acreage: 1 to less than 2
  • Water Access: Gulf/Ocean to Bay
  • Water Access: Yes
  • Water Body Name: GULF OF MEXICO, SARASOTA BAY
  • Water Extras: Fishing Pier
  • Water Extras: Yes
  • Water: Fishing Pier
  • Zoning: R4MX
  • Living Area: 1028
  • Property Info: Corner Unit
Property and Assessments
  • Year Built Numeric: 1973
  • Flood Zone Code: AE
  • Flood Zone Date: 08-10-2021
  • Homestead: No
  • New Construction: No
  • Property Description: Corner Unit
  • Public Survey Range: 16E
  • Public Survey Section: 25
  • Dock YN: Yes
  • Dock Description: Dock - Slip 1st Come, Dock - Wood
  • Dock Dimensions: 4x26
Utilities
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco
  • Exterior Features: Outdoor Grill, Sidewalk, Tennis Court(s)
  • Foundation Details: Slab
  • Levels: One
  • Other Structures: Tennis Court(s)
  • Patio And Porch Features: Covered, Enclosed, Screened
  • Pool Features: Deck, Gunite, In Ground, Lighting
  • Pool Private: No
  • Pool: Community
  • Pool Private: Yes
  • Roof: Concrete
  • Spa Features: Heated, In Ground
  • Spa: Yes
  • Waterfront Features: Gulf/Ocean to Bay
  • Waterfront Feet Total: 0
  • Number Of Stories: 1
Interior Features
  • Bedrooms Total: 2
  • Bathrooms Full: 2
  • Appliances: Convection Oven, Dishwasher, Microwave, Refrigerator
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Tile
  • Heating: Central
  • Interior Features: Ceiling Fans(s), Eating Space In Kitchen, Kitchen/Family Room Combo
  • Laundry Features: Common Area
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Room Count: 6.0
  • Water View: Yes
  • Bathrooms Half: 0
Room 1
  • Room Dimensions 1: 10x10
  • Room Flooring 1: Tile
  • Room Length 1: 10.0
  • Room Level 1: First
  • Room Type 1: Kitchen
  • Room Width 1: 10.0
Room 2
  • Room Dimensions 2: 9x8
  • Room Flooring 2: Tile
  • Room Length 2: 8.0
  • Room Level 2: First
  • Room Type 2: Dining Room
  • Room Width 2: 9.0
Room 3
  • Room Dimensions 3: 13x14
  • Room Flooring 3: Tile
  • Room Length 3: 14.0
  • Room Level 3: First
  • Room Type 3: Living Room
  • Room Width 3: 13.0
Room 4
  • Room Dimensions 4: 9x12
  • Room Length 4: 12.0
  • Room Level 4: First
  • Room Type 4: Balcony/Porch/Lanai
  • Room Width 4: 9.0
Room 5
  • Room Dimensions 5: 13x16
  • Room Features 5: En Suite Bathroom
  • Room Flooring 5: Tile
  • Room Length 5: 16.0
  • Room Level 5: First
  • Room Type 5: Primary Bedroom
  • Room Width 5: 13.0
Room 6
  • Room Dimensions 6: 16x12
  • Room Features 6: En Suite Bathroom
  • Room Flooring 6: Tile
  • Room Length 6: 12.0
  • Room Level 6: First
  • Room Type 6: Bedroom 2
  • Room Width 6: 16.0
Rental
Rental Information
  • Minimum Lease Period: 0
  • Pets Allowed: Dogs OK, Number Limit, Size Limit

Property History for 5311 Gulf Of Mexico Drive, Unit 3

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5311 Gulf Of Mexico Drive, Unit 3

Taxable ValueLand-Additions$748,000Total-
Tax Record2023$12,052 ($1,004 / month)
Home Facts
Beds2Baths2Total Finished SqFt1,028 SqFtAbove Grade Finished SqFt1,028 SqFtStories1StyleCondominiumYear Built1973ZoningLBK_R-3MXCountyMANATEEAPN79937.1025-9

Schools near 5311 Gulf Of Mexico Drive, Unit 3

This home is within Manatee.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Anna Maria Elementary School
PublicPK to 5

Martha B. King Middle School
Public6 to 8

Bayshore High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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5311 Gulf Of Mexico Drive, Unit 3 is a single family home for sale in Longboat Key, FL 34228. This property was listed for sale on March 26, 2024 by MCKAY MANAGEMENT & REALTY, it's currently listed at $1,350,000. It has been on the market for a total of 39 days and was last sold on March 18, 2011. This listing's school district is Manatee. Nearby schools include Anna Maria Elementary School, Martha B. King Middle School and Bayshore High School. 5311 Gulf Of Mexico Drive, Unit 3 is a 2-bed, 2-bath, 1,028 sqft single family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of MCKAY MANAGEMENT & REALTY, Brittany Anderson

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.